Afzal purchased an old motorbike for Rs 16000. If the value of the motorbike after 2years is Rs 14440, find the rate of depreciation.(please answer with statements)
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Answered by
20
dep. in 1 year =780
16000*x/100*1=780
x=4.875
rate of dep =4.875
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Answered by
62
Answer:
V = Vo(1+r/100)^n
14440 = 16000(1+r/100)^2
14440/16000 = (1+r/100)^2
(19/20)^2 = 1+r/100
19/20-1 = r/100
1/20 = r/100
100/20 = rate
5% per annum = rate
Step-by-step explanation:
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